21 The following labor standards have been established for a particular product ot 000 8O Standard labor-hours per unit of output 94 hours Standard labor rate 13.20 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked total labor cost 7,200 hours $92.160 1,050 units Actual output What is the labor efficlency variance for the month? O $38,124 F O $38,124 U O $34.176 E O $35,244 F 22. Milar Corporation makes a product with the following standard costs Standard Price or Standard Quantity or Hours per pound per hour $ 950 $32.00 rials 08 hours 08 hours Variable overhead the compeny produced 3,430 units using 13720 pounds of ne dilect nth, the compary o ot wor to1 236 and the actual varieble overhead cost ws purchased 14.480 pounds of the direct material at a cost of $35,100. The act $41188 The company applios variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased The labor rate variance for January is: O $412 F O $412 U O $3.428 U O $3,428 F